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Friday 20.04.2018 | Name days: Mirta, Ziedīte

Three accused in Latvenergo bribery case sentenced to prison

After reviewing the so-called Latvenergo case in appeal order, Riga Regional Court sentenced former vice-president of the company Aigars Meļķo, production director Gunārs Cvetkovs and manager of Energy Consulting company Andrejs Livanovičs to prison.

Minister: unrealized missile-firing tests are part of Russia’s strategic communication

«Russia’s announced but unrealized missile-firing tests in Latvia’s exclusive economic zone in the Baltic Sea were part of strategic communication – they [Russia] observed our reaction,» said Latvia’s Defence Minister Raimonds Bergmanis in an interview to Rīta panorama programme of LTV.

Latvia’s exports in February was 9.9% higher in 2018 than it was last year

In February 2018, the foreign trade turnover of Latvia amounted to EUR 2.02 billion, which at current prices was 9.9 % more than in February 2017, of which the exports value of goods was 11.6 % and imports value of goods was 8.4 % higher.

Bite Latvia buys Stream Networks and Latnet Serviss

Mobile communications operation Bite Latvia has concluded the deal for the purchase of Stream Networks and its subsidiary Latvnet Serviss, as confirmed by Competition Council.

Latvia expected to have warm weather and summer storm; nights will be cold

There will be cold and warm days in Latvia this week. Some nights may be chilly. Still, meteorologists say there will be little precipitation in Latvia – only one precipitation zone will pass through the country. It may bring a thunderstorm to Latvia, as reported by State Environment, Geology and Meteorology Centre.

Latvian ministry looking for money to finance construction of radioactive waste storage facility

Latvia’s Environment Protection and Regional Development Ministry continues looking for a way to reduce project costs in order to realize the construction of a radioactive waste storage facility, as confirmed by the ministry’s representative Anda Zaļepska.

ECB asks court to assess restrictions applied to Latvian Central Bank’s governor

On Friday, 6 April, European Central Bank confirmed sending a request to the European Court of Justice to assess measures used by Latvian authorities against the governor of the Bank of Latvia Ilmārs Rimšēvičs, who is suspected of bribery.

Authorities report starvation risk in Latvia is minimal and expected to reduce more in future

Ever since joining the European Union, Latvia has significantly improved food safety and nutrition rules. As a result, there is now a minimal risk of starvation in Latvia. It is also planned to reduce the risk to zero in the future, as mentioned in the Cross-Sectoral Coordination Centre’s report to UN Organization for the Implementation of Sustainable Development Goals.

Latvian ministry to review restrictions for high-risk clients’ operations

Latvia’s Finance Ministry has developed amendments for Law on the Prevention of Money Laundering and Terrorism Financing to strengthen the country’s financial system and reduce the number of high-risk transactions with shell companies.

For the first time in Latvia there are more children in foster families than in orphanages

Last year, foster family care in Latvia was provided to more children than were put in orphanages, according to data compiled for 2017 by the State Child Rights Protection Inspectorate.

Unity and Latvian Russian Union climb up in party ratings

Unity and Latvian Russian Union experienced an increase in popularity of their ratings in March. This increase was modest, as reported by LTV with reference to a study performed by SKDS.

Latvia to improve infrastructure in general education institutions

An agreement regarding plans to modernize infrastructure in general education institutions in Kuldiga, Valka, Preili and Tukums have been signed by Education and Science Minister Kārlis Šadurskis. He said: «Soon infrastructure and study materials of general education institutions will be fitting for the education environment of the 21st century.»

End of the week in Latvia to be windy and cold; weekends expected to be warm

From 6 April onward wind speed in Latvia will increase considerably, reaching 15-17 m/sec. Wind speed may reach 20-23 m/sec in the afternoon. Wind speed will be at its highest in southern parts of Kurzeme. Wind speed is expected to decline on the night to Saturday, as reported by State Environment, Geology and Meteorology Centre.

Medicine wholesale traders’ realization volumes declined in February

Medicine wholesale traders in Latvia realized 2.8% products less in February 2018 than they did in February 2017 and 7.1% less than they did in January. 3.87 million medicine packages worth EUR 31.16 million were sold in February. 3.49 million medicine packages worth EUR 27.35 million were sold to pharmacies, according to data from State Agency of Medicines.

Corruption watchdog performs searches at Latvian State Roads

Corruption Prevention and Combating Bureau has performed searches at Latvian State Roads, as confirmed by the company’s representatives.

Latvia's Competition Council predicts increase of competition in retail trade

Competition Council expects concentration to continue in non-specialized retail trade sector. This may increase mutual competition among companies working in this sector. At the same time, CC mentions that this particular sector lacks any particularly strong players, which only serves to increase competition pressure on the two largest existing non-specialized retailers.